@Nicholas Foy average sales price in The Eye was $87,944 in 2023.We consider it a Class C- Nieghborhood.So, tenants will probably have FICO scores under 580.Means you may want to use a Vacancy/Tenant nonPerformance factor of 20%+ in your metricsYou'll also need a real good team on the ground to minimize losses.

I've spent the last year or so (on and off) looking for my first investment property to house hack but have had minimal luck.

>Sacramento remains affordable at $1,850/month, with minimal growth.

I prefer the areas just outside the city limits where regulation is minimal and prices are significantly less.   

Wondering if there is any other legal way of minimizing double taxation for my Cayman Partners. 

Lastly as an illegal unit it is  huge liability if there was a trip and fall claim, fire etc your insurance may not cover.I recommend renters insurance for whoever lives there is mandatory to add another layer of protection. last option not considered is you living in the bonus unit to have a free place to live with minimal risk 

(It is worth noting, I am not a lawyer so cannot advise you.)1) This option would minimize paperwork and provide good protection.  

This will be the lowest barrier of entry into investing, as well as help minimize your living expenses.We are located in the Denver Metro as well, so if you do want to chat and explore options or just start planning feel free to reach out!

Established flippers have the resources and networks to build close relationships with contractors, making it relatively easy to coordinate compliance at minimal cost.

I will definitely be looking into multifamilies in a very near future as of right now I’m trying to build a portfolio by buying cheap single-family homes with minimal renovations.